Arihant Superstructures Ltd

Arihant Super. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Arihant Superstructures Ltd

₹ 243 -0.02%
22 May - close price
asl.net.in BSE: 506194 NSE: ARIHANTSUP
About

Incorporated in 1994, Arihant Superstructures Ltd is in the business of real estate
development[1]

Key Points

Business Overview:[1]
a) ASL is a real estate player in affordable and mid-income housing segment in the MMR region
b) It has recently ventured into premium luxury real estate segment to develop Villa projects, a hotel and a sports gymkhana
c) Company has expertise in land acquisition & procurement, liaison, design & engineering, EPC and marketing & sales
d) Company enters into JD, JV, and DM arrangements in the mid-income segment to remain Asset-Light with ~19% of Ongoing development area on asset-light model

Website BSE NSE
  • Market Cap ₹ 1,049 Cr.
  • Current Price ₹ 243
  • High / Low ₹ 468 / 188
  • Stock P/E 719
  • Book Value ₹ 58.8
  • Dividend Yield 0.62 %
  • ROCE 4.34 %
  • ROE 0.61 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 42.4%

Cons

  • Stock is trading at 4.13 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -2.93% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 6.72% over last 3 years.
  • Company might be capitalizing the interest cost
  • Company has high debtors of 154 days.
  • Promoter holding has decreased over last 3 years: -3.61%
  • Working capital days have increased from 1,573 days to 2,225 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Consumer Discretionary Realty Realty Residential, Commercial Projects

Part of BSE Consumer Discretionary

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
8.38 36.74 32.59 25.27 17.79 19.85 24.16 61.90 14.85 7.46 13.17 26.72 43.13
7.88 29.34 24.31 20.43 18.30 20.43 19.50 43.57 15.18 1.29 6.88 18.62 37.22
Operating Profit 0.50 7.40 8.28 4.84 -0.51 -0.58 4.66 18.33 -0.33 6.17 6.29 8.10 5.91
OPM % 5.97% 20.14% 25.41% 19.15% -2.87% -2.92% 19.29% 29.61% -2.22% 82.71% 47.76% 30.31% 13.70%
1.78 1.74 1.59 1.44 1.44 1.00 0.59 0.09 1.55 0.48 0.54 0.23 0.49
Interest 3.73 0.48 0.37 0.31 0.25 0.24 0.14 0.18 4.35 6.37 6.05 7.83 5.42
Depreciation 0.10 0.10 0.10 0.10 0.09 0.10 0.10 0.13 0.18 0.21 0.24 0.28 0.27
Profit before tax -1.55 8.56 9.40 5.87 0.59 0.08 5.01 18.11 -3.31 0.07 0.54 0.22 0.71
Tax % -1.29% 11.33% -0.11% -0.51% 94.92% 50.00% 13.17% 21.87% -128.40% 14.29% 37.04% 36.36% -29.58%
-1.52 7.58 9.41 5.90 0.03 0.04 4.35 14.15 0.94 0.06 0.34 0.13 0.92
EPS in Rs -0.37 1.84 2.29 1.43 0.01 0.01 1.06 3.44 0.23 0.01 0.08 0.03 0.21
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
58.63 83.08 128.79 105.06 67.72 58.78 105.40 151.17 74.83 112.40 120.75 90.82
45.70 58.16 82.78 84.47 55.86 54.03 92.98 106.25 55.38 92.41 98.39 64.04
Operating Profit 12.93 24.92 46.01 20.59 11.86 4.75 12.42 44.92 19.45 19.99 22.36 26.78
OPM % 22.05% 30.00% 35.72% 19.60% 17.51% 8.08% 11.78% 29.71% 25.99% 17.78% 18.52% 29.49%
6.13 4.38 2.44 2.15 2.90 2.36 1.79 3.15 6.37 6.21 2.96 1.41
Interest 4.20 3.56 7.59 6.30 11.73 7.75 9.61 1.55 7.01 1.40 4.91 25.65
Depreciation 0.53 0.60 0.58 0.62 0.71 0.79 0.74 0.43 0.39 0.39 0.52 0.99
Profit before tax 14.33 25.14 40.28 15.82 2.32 -1.43 3.86 46.09 18.42 24.41 19.89 1.55
Tax % 32.17% 31.90% 33.91% 34.64% -4.31% -1.40% -1.04% 13.17% -0.27% 6.15% 2.06% 5.81%
9.72 17.13 26.62 10.34 2.43 -1.42 3.90 40.01 18.47 22.92 19.48 1.46
EPS in Rs 2.36 4.16 6.47 2.51 0.59 -0.34 0.95 9.72 4.49 5.57 4.73 0.34
Dividend Payout % 12.70% 21.63% 15.46% 19.90% 84.69% 0.00% 0.00% 0.00% 11.14% 21.55% 31.69% 74.06%
Compounded Sales Growth
10 Years: 1%
5 Years: -3%
3 Years: 7%
TTM: -25%
Compounded Profit Growth
10 Years: -22%
5 Years: -18%
3 Years: -57%
TTM: -92%
Stock Price CAGR
10 Years: 13%
5 Years: 29%
3 Years: 9%
1 Year: -33%
Return on Equity
10 Years: 9%
5 Years: 11%
3 Years: 7%
Last Year: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 41.16 41.16 41.16 41.16 41.16 41.16 41.16 41.16 41.16 41.16 41.16 43.25
Reserves 32.82 50.61 77.22 78.88 72.78 71.36 77.21 116.65 135.14 167.02 185.38 210.92
37.13 62.40 77.70 79.80 83.13 95.70 18.67 6.71 97.76 212.29 321.80 450.82
86.16 99.64 81.55 87.72 61.07 76.57 88.92 94.09 93.41 74.87 148.79 174.91
Total Liabilities 197.27 253.81 277.63 287.56 258.14 284.79 225.96 258.61 367.47 495.34 697.13 879.90
2.07 2.68 5.16 3.97 2.84 5.22 4.80 4.77 4.46 4.39 44.75 45.83
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.48 20.09
Investments 1.10 5.23 0.22 0.22 0.23 0.22 0.08 0.08 0.08 0.09 5.08 5.20
194.10 245.90 272.25 283.37 255.07 279.35 221.08 253.76 362.93 490.86 643.82 808.78
Total Assets 197.27 253.81 277.63 287.56 258.14 284.79 225.96 258.61 367.47 495.34 697.13 879.90

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-0.73 0.67 -6.43 9.33 9.45 -4.71 85.81 7.66 -88.39 -126.31 -130.62 -47.89
6.06 3.75 2.22 1.00 1.63 0.42 1.50 2.43 5.89 5.56 -20.68 -18.27
-9.05 -5.31 3.91 -9.01 -10.73 4.82 -86.64 -13.51 84.04 122.03 152.54 62.41
Net Cash Flow -3.72 -0.89 -0.29 1.31 0.34 0.53 0.68 -3.42 1.54 1.28 1.24 -3.75
Free Cash Flow -0.76 0.24 -6.48 8.34 8.37 -5.42 85.57 7.27 -88.39 -126.63 -174.98 -66.54
CFO/OP -2% 28% 9% 111% 116% -76% 703% 24% -425% -614% -582% -167%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 23.41 32.91 73.54 153.73 92.11 104.63 47.62 54.86 92.38 61.93 137.75 153.56
Inventory Days 1,232.29 7,416.00 10,129.04 6,953.77 2,241.92 1,491.99 5,028.49
Days Payable 73.80 789.31 940.71 1,094.17 412.54 449.32 515.08
Cash Conversion Cycle 23.41 1,191.40 73.54 6,780.42 9,280.44 5,964.24 1,876.99 1,097.53 92.38 61.93 137.75 4,666.97
Working Capital Days 383.05 532.43 432.96 579.95 740.35 939.95 432.01 289.81 1,051.10 1,049.70 1,443.16 2,225.21
ROCE % 17.03% 21.71% 27.33% 11.17% 7.08% 3.12% 7.80% 31.58% 11.60% 7.43% 5.07% 4.34%

Insights

In beta
Mar 2015 Mar 2016 Sep 2018 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Area Under Development
Million sq ft

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Area Sold
Lakh sq ft
Collections
INR Million
Units Sold
Numbers
Unsold Ready Inventory
Numbers
Value of Sales (Pre-sales)
INR Million
Gross Development Value (GDV)
INR Billion
Cumulative Units Delivered
Numbers

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
74.71% 74.71% 74.71% 74.71% 74.71% 74.71% 74.71% 74.71% 71.10% 71.10% 71.10% 71.10%
0.65% 0.56% 0.00% 0.00% 0.03% 0.02% 0.31% 0.18% 0.17% 0.18% 0.22% 0.17%
0.51% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.03% 0.00%
24.12% 24.74% 25.28% 25.28% 25.25% 25.27% 24.97% 25.10% 28.71% 28.70% 28.65% 28.73%
No. of Shareholders 6,8307,0146,6456,5066,4407,6607,6847,8417,5657,2397,0006,753

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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